Forex Candles Patterns - Doji Candles Pattern & Marubozu Candlestick Pattern

Candles Consolidation Patterns & Candlesticks Continuation Patterns - Doji Consolidation Candle and Marubozu Continuation Candle

Depending on the size and shape of a candle it is possible to identify the momentum of buyers or sellers. Likewise, it is also possible to determine the underlying weakness of the buyers and sellers.

Long Body Candles

Candles with long bodies mean strong buying or selling pressure, based on the candle's color.

When a candle exhibits a substantial difference between its opening and closing price, it effectively signals the strength of the prevailing buying or selling pressure.

Long Blue Candlesticks - Strength of Buyers

Long Red Candles - Strength of Sellers

Forex Candle Setups

Long Body Candles

Short Body Candles

Candlesticks that are short show that there were not many buyers/sellers, and the price didn't change much from when it opened to when it closed.

These show that the buyers or sellers weren't very strong.

Short Body Candles

Marubozu Candle

Marubozu Candlesticks are Distinguished by Their Elongated Bodies and the Absence of Upper or Lower Wicks, as Depicted in the Examples Below.

Marubozu Candlesticks

Marubozu candlestick patterns signify continuation in price direction. Depending on market trends, the candle may appear in colors such as white/blue for upward movements or black/red for downward trends.

Technical Analysis of Marubozu Candle Pattern

White marubozu - the open is also the low and the close is also the high.

The term Marubozu signifies that no price retreats occurred during that specific trading interval, indicating that buyers exerted complete dominance over the price action throughout the duration of this marubozu candle.

White Marubozu is a sign of continuation, meaning that the next candlestick will likely keep moving in the same upward direction.

Black marubozu - the open is also the high and the close also is low.

Marubozu means that the price didn't pull back at all, so it shows that sellers were completely in charge of the price when this marubozu candle was happening.

The Black Marubozu pattern signifies a continuation trend, indicating that the subsequent candlestick is likely to proceed in a downward direction.

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